[aaykarbhavan] Violation of sec. 13 results in denial of benefits in assessment and isn’t relevant to allow registration to trust

Violation of sec. 13 results in denial of benefits in assessment and isn't relevant to allow registration to trust

September 2, 2014[2014] 48 taxmann.com 152 (Delhi - Trib.)

IT : A trust or institution which is carrying on educational activities will fall within ambit of charitable purpose under section 2(15) even if it incidentally involves carrying on of commercial activities

IT : When there is an unverifiable donation or if there is violation of section 13(3), consequence will follow in assessment of relevant year but verification of donation or verification of violation of section 13(3) is not a relevant consideration for grant of registration of trust under section 12AA

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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